Why Consider Moat Stocks?

At VanEck we are big fans of Morningstar’s Equity Research—not only because their analysis informs moat-oriented indices that underlie the moat mutual fund and ETFs that we offer globally. Morningstar’s moat-oriented index methodologies apply a consistent process to identifying companies with durable competitive advantages and assessing their value. With over 100 analysts globally helping to identify dominant players in different industries, perhaps the most powerful attribute of Morningstar’s process is the price-to-fair value metric.